Thursday, June 24, 2010

Mercosur “Too Small” for Brazil, Claims Sao Paulo Federation of Industries


One of Brazil’s most influential lobbies, the Sao Paulo Federation of Industries, FIESP, claims that Mercosur is an economic space “too small” given the development and “growing international presence of Brazil”. “Mercosur from a trade angle and Latin America from a political angle are turning to be too small for the global interests of Brazil”, said Rubens Barbosa head of FIESP foreign trade council.

Barbosa pointed out that lately Brazil and China, strong trade allies, have become decisive players in the reorganization of global production, following the 2008 downfall, and are increasingly responsible for the growing presence of developing countries in the international stage and in decision making. Read more here.

Related: Say Bom Dia to Brazilian Businesses (Slate Magazine)